Non Profits Fund Management Through Salesforce NPSP

Fund and Charity management for Non Profits has always been a very interesting area. In most of the countries where the laws are not very strict about charity contributions, funds are sometimes misused and the public / donors usually do not get clear visibility of where their funds are being used. 

  We are building models based on technology for streamlining fund management. Since funds can be both monetary and non-monetary, we are building a framework which strongly relies on Salesforce NPSP for the monetary transactions and integrating other solutions for tracking non-monetary contributions.  

  Primarily, if people start gaining confidence in the solution, they would be more comfortable contributing to various causes. We are starting this as a global initiative so that people across the globe can support various causes worldwide. Introducing a strong technological solution like Salesforce will bring in more transparency and trust in this system.

It is estimated that there are 10 million NGO's worldwide which includes about 3.3 million NGO's in India and about 600K in Australia. In 2013, about 7.7 billion hours of volunteer work was performed by about 62.6 million Americans The number of people donating money to NGO's was about 1.4 billion in 2014 and is expected to grow to 2.5 billion by 2030. These numbers clearly show that this is a very large domain. Although there are some softwares and frameworks that could be used for charity and funds management, there is no widespread adoption of these applications. This project is an initiative to streamline the processes and help various organisations adopt the right practices.

We would be working with various NGO's and help them in adopting the right solutions and frameworks for fund management. We will be spending time to understand what specific areas they are working on and how they are trying to benefit the society. We will also understand what are the different ways in which they collect both monetary and non-monetary funds. We will also work with them to understand how their funds are being utilised and what all tracking mechanisms are in place. We will then set up the necessary technology solutions and frameworks for managing the funds. We are working to setup a common practice which can be repeated across various organisations. By doing this, we intend to promote a transparent channel for fund raising and fund management. This would in turn put in transparency and trust into the charity management business enabling more people to donate for noble causes. Hence we are investing a lot of time and effort in identifying the best possible frameworks and solutions for addressing the needs of this area.

We believe in providing the best possible solutions at the most effective cost. We have spent a lot of time analysing various solutions including open source solutions that will benefit the non profit organisations. Also, with personal experience working in Non profit organisations, we have a clear idea about what technological solutions would be beneficial in this industry. We intend to work with various organisations across the world and help them take benefit of these solutions. Training is an integral part of our planning.

  This is a technology based solution that is meant to empower various Non Profit Organisations. We are looking at a variety of technologies including Salesforce framework, marketing campaign tools, blockchain and other solutions. We are also looking at other payment based solutions so that people can do the transactions more easily and effectively with very minimal fees. Our main goal is to streamline the funding aspect in charity domain so that people can do these transactions easily and there is enough transparency in the entire process. 

Firstly, we plan to bring in innovation into the charity based domain by introducing some technological changes. We are doing that through a combination of innovative websites, portals, CRM systems and mobile applications. We are also introducing some innovative training modules through which people are able to understand how they can utilise the capabilities of some of these frameworks. At a much later stage, we plan to integrate with other innovative solutions like Machine Learning, Cryptocurrency etc. The other major differentiator we are planning to bring in is by introducing innovative campaigning techniques that would help the various Non Profit Organisations to run their campaigns successfully and generate the specific goal amount. 

We have been analysing various Non Profit Organisations and how they exactly operate. Having personal experience working with Non Profit Organisations would add additional dimension to the expertise that we bring in. 

Currently, we are in the prototype stage and are still talking to various Non Profit Organisations. 

We plan to reach out to around 80 - 100 Non Profit Organisations within the next one year. We believe people would be definitely interested in this product / approach since it will bring in a lot of transparency into this domain.

In the next five years, we are looking to take this number to about 1000 - 1500 Non Profit Organisations across the globe. 

Our team structure would have the below different people:

Myself, being the founder of Fundkoin Ventures would be the key member of the team. 

We are planning to bring in about 2-3 people for marketing and promoting the platform.

We are also looking at bringing in Salesforce Developers and Testers on need basis. Along with these people, we are considering members from Mobile App Development who would mostly be contract employees since it is difficult to find full term employees.  

Having experience in both Non Profit Organisations and Salesforce has been a great advantage. Having this experience along with a strong workforce having expertise in Salesforce and other technologies would make our team strong in this area and best-placed to solve the various problems in this domain.

We are still in the initial phases and are planning to start with Non Profit Organisations across the world. 

 We are looking at various market segments and really want to bring in a positive change in the society. The primary segments that we are looking at are Healthcare and Sports training for eligible aspirants. 

We have various sources of revenue including:

- Fees charged for conducting various charity / crowdfunding campaigns

- Training for the softwares and the frameworks and the income that is generated through this training. 

- At a later point in time, we are also planning to introduce other technologies including machine learning and block chain and plan to charge transactional fees from these services.

We believe that our solution is innovative and is solving a very large problem by streamlining fund management in the Non Profit Organisation industry space. We are applying for this Challenge so that we get the right support to take our model / framework to various people across the globe.